Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    501 Toronto Rd, Springfield, IL 62711

    Property ID
    US28-2853196
    Property summary
    AI-generated overview

    This exceptional 5.227-acre parcel of land, located at 501 Toronto Road in Springfield, Illinois, presents a unique investment opportunity. Zoned B-1, this property boasts convenient access to all utilities, making it ready for immediate development. The expansive acreage offers significant flexibility, with the possibility of subdivision to accommodate multiple projects. Its strategic location in Springfield, within Sangamon County, and its proximity to major transportation routes, ensures high visibility and accessibility. The B-1 zoning allows for a wide range of commercial uses, including but not limited to hotels, restaurants, convenience stores, and financial institutions. This makes it an attractive proposition for developers seeking a versatile site to build a variety of commercial ventures. The property's size and zoning regulations provide ample opportunity for creative development plans, catering to a diverse range of business needs. The asking price for this exceptional commercial land is $949,000. This represents a compelling investment opportunity in a thriving Illinois market. The property is situated at 39.71467 latitude and -89.649314 longitude, with a zip code of 62711. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US28-2853196
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 501 Toronto Rd?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message